FANNIE MAE

Fannie Mae Redemption

WASHINGTON, March 16/PRNewswire/ -- Fannie Mae (NYSE: FNM), the nation's largest source of financing for home mortgages, today reported its posted yields for March 12, 2004.All Fannie Mae yields are quoted on a net basis. Servicing fees are notincluded.

Fixed-rate Mortgage Yields
Conventional Current Week Ago Year Ago

15-year FRM 4.300 4.470 4.510
30-year FRM 5.060 5.260 5.220 FHA/VA (30-year FRM) 5.160 5.360 5.470 Second Mortgages 4.490 4.660 4.510

(30-day mandatory delivery for actual/actual remittances; 10-, 60- and 90- day yields are also available.)

Adjustable-rate Mortgage (30-year term) Yields
Adjustment Interest Interest Current Week Ago Year Ago Net Margin
Period Rate Caps Rate Caps
(year) Per Adj. Lifetime

1 1% 6% 2.600 2.700 3.100 2.00


0%

1
(FHA) 1% 5% 2.930 3.030 3.430 1.750%


1(+) 2% 6% 2.050 2.150 2.600 2.25


0%

6mos(+)(COF)(++)1% 4% 3.100 3.200 3.200 2.12
5%

(+) Rate reduction

(++) 11th District Cost of Funds indexed ARM.

Lower yields are available for 15-year term ARMs.

LIBOR Index Series
Release Date 1-month 3-month 6-month 12-month 12-month Avg.
of 1 month
January 30,

2004 1.0973 1.1251 1.2026 1.3645 1.1636

February 27,

2004 1.0982 1.1320 1.2107 1.4607 1.1834

Editor's Note:

Subscribers to the Fannie Mae 'e-news' service, which is available through www.fanniemae.com, may register to receive that release and any other Fannie Mae releases automatically by electronic transmission. E-news subscribers will typically receive a release within 24 hours of thetime it is posted to www.fanniemae.com.

Web site: http://www.fanniemae.com

Source: Fannie Mae

CONTACT: Janis Smith of Fannie Mae, +1-202-752-6673


17 mrt 04 08:34

woensdag 17 maart 2004